BFS Loans For Blacklisted

BFS Loans (Barko)

BFS loans which is also known as Barko Financial Services (BFS) is a micro lender operating in difference locations or provinces in South Africa. BFS was established in year 1996. They prode themselves for being able to assist many South Africans since it was founded.

Since its establishment BFS has continued providing professional service to employed people who apply for personal loans. This lender assists people who fall within the low income bracket from many industries of the economy. They remain one of very innovative micro lenders in the country.

BFS Loans For Blacklisted

There’s a surge of online searches performed by individual who wish to know if BFS offers loans to blacklisted people. Like we said, BFS is a registered lender which offers loans in a regulated environment. Blacklisted loans are considered as irresponsible lending and BFS, like many registered lenders, might decline your application of you are blacklisted.

There are instances where people are blacklisted because of negligence rather than affordibility. Some are not even aware that they are. You might be advised to clear your previous accounts before and get a letter to that effect before applying for a loan.

There are South African lenders who have appetite for blacklisted loans although they might charge high interest.

List of BFS Loan Application Requirements

If you wish to apply for a loan from BFS, below is the list of considerations that you have to make:

• Loan applicant must be older than 18 years
• Loan applicant must be working
• Loan applicant must have a valid ID (Identification Document)
• Loan applicant must have three months bank statement
• Loan applicant must have a payslip

Below we have listed a list of BFS loans branches that offers loans to blacklisted individuals.

BFS Loans Contact Details

BFS has branches throughout South Africa which all are ready to assist you of you meet the requirements listed above.

The Head office is located on Menlyn Woods, 291 Sprite Avenue, Faerie Glen, Gauteng, 0081

Being rejected by a lender when you are in the deep end and you need cash can be very a very disappointing experience. We always recommend that you consider sorting out your credit record before approaching any lender.

Why Do People Get Blacklisted?

Creditors who extend financial assistance to people always want to maintain a risk free environment which protest all others from the risk of losing their money. Lending in South Africa carries some level of risk like in any part of the world.

Blacklisting is one of the instrument that lenders use to make sure that people who do not honour their credit agreement are not allowed in the market. They are given the opportunity to first settle whatever amount they are owing before their credit record can be cleared.

Some lenders are abusing this instrument and they blacklist people for reasons that are not necessarily worth it. There are people who get blacklisted for magazine subscriptions they did not even know that they have. Some get blacklisted for monies less than R1 and they do not receive any communication warning them.

There are those who are blacklisted for real reasons of which most of the times it is non payment. Late payment tops the list of reasons why people end up blacklisted. It in fact accounts for 35% of your credit score.

BFS Branches

BFS Loans Durban

BFS Loans Blacklisted PMB (Pietermaritzburg)

BFS Loans Blacklisted Pinetown

List of other (Branches) BFS Loans for blacklisted People

The list will be updated soon, please keep visiting our website as we update daily. We encourage people to always check their credit report before approaching lenders for personal loans. Also make sure you have all requirements like your ID, proof of income and your 3 months bank statement.

Below are Loan Service Providers for Blacklisted:

• Blacklisted Cash Loans In Rustenburg
• RCS Blacklisted Loans
• Loans For Blacklisted People
• Blacklisted Loans In South Africa